Himanshu Singh Tomar

Quant Investing | Zyukti | Ex Futures First, WorldQuant, TrexQuant | BITS Pilani | Sharing data/ personal views, not investment advice

[Himanshu Singh Tomar @himantomar]

Want to know where markets may go in the very short term in this Trump-driven geopolitical mess? Watch US indices. Right now, they often behave like the biggest insider trade on the planet. If they are diverging from the obvious global setup, chances are the market (courtesy white house insiders) is sniffing out a Trump headline before you are. Today was the perfect example: global markets were bleeding yet US indices showed strange strength in face of this global carnage, and then came the positive Trump post 😉

[Himanshu Singh Tomar @himantomar]

Case for XRP: The Google Moment for Global Payments + Tokenized Assets

Ripple is a company building services around blockchain rails; XRP (Crypto) is the native asset of one of that rail (XRP Ledger)

Most people still talk about XRP like it’s just another crypto “coin.” That’s a category error.

What Ripple is building looks less like a speculative crypto project and more like an institutional-grade digital asset stack for the next financial regime: tokenized ownership, programmable contracts, stablecoin payments, real-time settlement, and always-on liquidity. We’re moving from a world of batch settlement, cutoffs, trapped collateral, and layers of intermediaries to a world where value moves like information—24/7, globally, with compliance baked into the rails.

The clearest signal is Ripple’s recent acquisition spree, which maps perfectly to how real institutions adopt new infrastructure: end-to-end, regulated, integrated into treasury and risk workflows. Hidden Road brings prime brokerage and institutional trading/financing plumbing. Rail adds stablecoin payments infrastructure. GTreasury targets the corporate treasury layer—where the biggest real-world decisions about liquidity actually happen. Metaco strengthens custody rails for institutions. Palisade deepens wallet/custody capabilities for enterprise use. Add the broader push toward regulated integration (including Ripple’s stated interest in deeper US banking/payment access for stablecoin reserve management), and the direction is obvious: build a platform that institutions can use at scale, not a retail narrative.

That’s why the “is XRP going to $5 or $25?” framing misses the point. If tokenization and stablecoin settlement expand, the world will need liquidity networks that can move value across jurisdictions and systems efficiently. In that world, XRP isn’t a meme or a company. It’s closer to a monetized protocol asset—like TCP/IP for value—where the native asset can scale with network utility and dependency. The asymmetry comes from the gap between how most people price crypto today (as speculation) and what institutions increasingly need tomorrow (as infrastructure).

This is a high-risk bet and not financial advice--but if you’re looking for “Google/Amazon-style” asymmetry, it rarely comes from what’s already obvious. It comes from recognizing the rails before the world agrees they’re the rails.

[Himanshu Singh Tomar @himantomar]

!

[Shay Boloor @StockSavvyShay]

$MSFT CEO Satya just made one of the most revealing comments of the entire AI cycle when he said Microsoft has $NVDA GPUs sitting in racks that cannot be turned on because there is not enough energy to feed them. The real constraint is not compute but power & data center space.

This is exactly why access to powered data centers has become the new leverage point.

If compute is easy to buy but power is hard to get, the leverage moves to whoever controls energy & infrastructure. Every new data center that $MSFT, $GOOGL, $AMZN, $META & $ORCL are trying to build needs hundreds of megawatts of steady power. Getting that energy online now takes years which means the players who locked in power early & built vertically across the stack are the ones with real control.

Hyperscaler growth is no longer defined by how many GPUs they can buy but by how quickly they can energize new capacity.

Satya’s other point about not wanting to overbuy one generation of GPUs matters just as much. The refresh cycle is shortening as Nvidia releases faster chips every year which means the useful life of a GPU now depends on how quickly it can be deployed into production. When power & space are delayed then that GPU loses value before it ever produces a dollar of compute revenue.

Satya just validated why my DCA plan remains overweight in the AI Utility theme. The AI economy will scale at the rate power comes online, not at the rate chips improve. The next phase of AI infrastructure growth will belong to whoever can energize capacity faster than demand expands.

Power has become the pricing layer of intelligence: $IREN, $CIFR, $NBIS, $APLD, $WULF, $EOSE, $CRWV

[Barchart @Barchart]

BREAKING 🚨U.S. Banks

Fed Reserve just pumped $29.4 Billion into the U.S. Banking System through overnight repos 🤯 This amount far surpasses even the peak of the Dot Com Bubble 👀 Probably Fine, carry on

[Himanshu Singh Tomar @himantomar]

Read

[Dr. Alex Wissner-Gross @alexwg]

https://t.co/WepvhzVpIV

[The Kobeissi Letter @KobeissiLetter]

Early signs of trouble are emerging in the leveraged loan market:

The US leveraged loan market is now on track for its biggest monthly loss since at least 2022.

This comes as defaults of First Brands and Tricolor Auto in September have exposed possible weak underwriting standards and growing vulnerabilities in credit markets.

The collapse of First Brands alone has triggered over -$4 billion in losses, affecting funds run by Blackstone, PGIM, Franklin Templeton, CIFC, and Wellington.

Despite these failures, leveraged loan issuances hit a record +$404 billion in Q3 2025.

The leveraged loan market now stands at an estimated $2 TRILLION.

Cracks in the credit market are becoming more apparent.

[Himanshu Singh Tomar @himantomar]

Big

[Brad Garlinghouse @bgarlinghouse]

Today, Ripple is breaking into the $120T corporate treasury payments market with the $1B acquisition of GTreasury.

The past few years have reminded this industry why payments, first and foremost, is THE primary use case for crypto and blockchain. Payments are where Ripple first started for exactly these reasons – the infrastructure is complex, siloed and inefficient, but as we know, perfectly positioned to benefit from decentralized financial technologies.

Astounding amounts of cash are trapped in outdated payments systems, creating friction, unnecessary costs, and barriers to entering new markets. GTreasury has been serving some of the most well known brands for decades – and now together with Ripple, we’ll be able to help CFOs manage all their assets, include stablecoins, tokenized deposits, etc at scale around the world, as well as put their idle capital to work with repo markets via Hidden Road.

The opportunity is here, and we’re diving right in. It’s happening!

https://t.co/GCXS6QqNqt

[Himanshu Singh Tomar @himantomar]

This article today on SWIFT'S official website basically confirms the direction of future of finance -- onchain, interoperable and tokenized https://t.co/bbMTxjgwPi

[Himanshu Singh Tomar @himantomar]

🧐

[Jacob King @JacobKinge]

Within the last week, among the top 200 insider trades by value, not one was a buy. Zero. The last time the world witnessed anything like this was just before the 1929 Great Depression.

Insiders are dumping shares at full speed because they know the storm that’s coming. This isn’t business as usual, it’s the canary in the coal mine. Ignore it, and you risk going down with the crash.

[Himanshu Singh Tomar @himantomar]

🧐

[The Kobeissi Letter @KobeissiLetter]

What is happening here?

Over the last 48 days, the US Federal Debt has surged by +$1 TRILLION, or +$21 billion PER DAY.

Since August 11th, the US has added +$200 billion in debt.

Why is US government spending running at WW2 levels in a "strong" economy?

(a thread)

[Himanshu Singh Tomar @himantomar]

wow

[DRDO @DRDO_India]

A breakthrough has been achieved by demonstrating quantum entanglement based communication in an experimental setup through DRDO-Industry-Academia Centre of Excellence (DIA-CoE), IIT Delhi. The free-space quantum secure communication using quantum entanglement over a distance of more than one km was shown via a free-space optical link established on the IIT Delhi campus.

https://t.co/nNYU1zRggY

[Himanshu Singh Tomar @himantomar]

Best summary of the current macro scenario. This is no longer a hypothesis — we are rapidly moving toward a global economic and monetary reset.

Don't take my word for it — listen to speeches by US Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick, where they are speaking about it in very non-subtle terms.

Also, read about why the Stablecoin Bill is so important for the current administration. Still skeptical? Review the White House's note on the objectives behind the new tariffs: (https://t.co/8bCpumCnlY)

My top investment picks in light of this scenario:

-Gold (the real store of value)

-XRP (Ripple is building the rails of the new monetary system)

Caution: Avoid being fully invested in equities — keep some firepower ready to capitalize on the coming volatility.

[Ray Dalio @RayDalio]

https://t.co/PUUxSqYIv8

[Himanshu Singh Tomar @himantomar]

@thetanmay tariffs are going to spoil the global growth rate
, which will indirectly again affect us

[Himanshu Singh Tomar @himantomar]

Why is the judiciary above the law??? It's high time we have an institution to hold the judiciary's conduct accountable.

[Rahul Shivshankar @RShivshankar]

BIG BREAKING: A fire that broke out in the residential bungalow of a Delhi HC judge resulted in recovery of a huge pile of cash. CJI led SC collegium act transfers Justice Yashwant Verma to another HC!!!
Is that it? Only a transfer?
Remember in our country higher judiciary is the only class that is EXEMPT from mandatory declaration of assets!!!

[Himanshu Singh Tomar @himantomar]

Agree 💯

[Samir Arora @Iamsamirarora]

About 15-20 years ago I read this book "Empire of Debt- the Rise of an Epic Financial Crisis" and it stayed with me. I pulled it out of my shelf yesterday and am reading it again.

The book is OUTSTANDING- and one can feel that the current US administration and President Trump are influenced by this in terms of trying to reign in the empire (or at least asking for tribute from the countries to run the empire), end useless wars, concentrating on yr country and not the empire etc. Go read it.

It is rare for a book, 20 years after publication, to be absolutely relevant for the current times.

[Himanshu Singh Tomar @himantomar]

True

[Dylan O'Sullivan @DylanoA4]

Terence McKenna, nature loves courage

[Financelot @FinanceLancelot]

🚨Transfers of physical gold from the Bank of England to New York is now exceeding the panic during the COVID-19 crisis.

People are blaming tariffs but there's something bigger going on here. Legacy media is totally silent, they're hiding it. Another Feb 2020 flash crash again?